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+<br>Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of  production of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has been bought by a green financial [investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for an undisclosed sum.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and residues such as used cooking oil and tallow from the meat market.<br>
+<br>The company will stay in private ownership and will continue to run separately.<br>
+<br>Its senior management, [including chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Andy Hunter, [handling director](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Jim Walker and financial [director Jim](https://www.zoominfo.com/c/mission-newenergy/346542889) Boyd are to remain with the [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Souter Investments, the [private financial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [investment company](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [transport magnate](https://forest500.org/rankings/companies/mission-newenergy-limited) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Souter, [confirmed](https://www.google.com/search?kgmid=/m/0cqd_rb) it had actually sold its 37% stake in Argent.<br>
+<br>'Future capacity'<br>
+<br>Mr Walker stated the investment by John Swire [underlined](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Argent's strong market position, including there was now an opportunity "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, said his [company](https://www.pinterest.com.au/missionnewenergy/) was [dedicated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "exploring and buying innovative and feasible green markets".<br>
+<br>He included: "We are pleased to be getting Argent Energy, a business which we believe can grow and succeed not only within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of attributes and values that work with our own, and look forward to dealing with them to maximise Argent Energy's future capacity."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a year.<br>
+<br>Cooking oil to run buses in trial<br>
+<br>4 November 2011<br>
+<br>Argent Energy<br>
+<br>Souter Investments<br>
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